Business Context and Reporting Period
This Form 6-K is a report of foreign private issuer filed by UBS Group AG and UBS AG on March 9, 2018. The filing provides consolidated capitalization data as of December 31, 2017, and September 30, 2017, prepared in accordance with International Financial Reporting Standards (IFRS). The primary presentation currency is Swiss francs (CHF), with translations into US dollars (USD).
Key Financial Metrics
The filing details the consolidated capitalization structure but does not provide revenue, profit, cash flow, or margin data. Key balance sheet metrics as of December 31, 2017, are as follows:
| Item | CHF (Million) | USD (Million) |
|---|---|---|
| Short-term debt issued | 78,219 | 80,242 |
| Long-term debt issued | 76,031 | 77,998 |
| Total debt issued | 154,251 | 158,240 |
| Equity attributable to UBS AG shareholders | 50,718 | 52,030 |
| Equity attributable to preferred noteholders | 0 | 0 |
| Equity attributable to non-controlling interests | 57 | 59 |
| Total capitalization | 205,026 | 210,328 |
Note: USD amounts are translated using the exchange rate of CHF 1 = USD 1.02586 effective December 31, 2017.
Material Changes Versus Prior Period
Comparing the period ended December 31, 2017, to September 30, 2017:
- Total Debt Issued: Increased from CHF 148,404 million to CHF 154,251 million.
- Short-term Debt: Increased from CHF 76,404 million to CHF 78,219 million.
- Long-term Debt: Increased from CHF 71,999 million to CHF 76,031 million.
- Shareholder Equity: Decreased from CHF 53,246 million to CHF 50,718 million.
- Total Capitalization: Increased from CHF 202,393 million to CHF 205,026 million.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It serves primarily to update capitalization figures and incorporates by reference the annual report on Form 20-F for the year ended December 31, 2017, for comprehensive disclosures.
Investor Verification Checklist
- Verify the full annual report on Form 20-F filed on March 9, 2018, for revenue, profit, and cash flow data not included in this summary.
- Confirm the exchange rate impact on USD reporting, as the filing uses specific spot rates for translation.
- Review the definitions of "Short-term debt" and "Long-term debt" provided in the footnotes to ensure consistency with internal debt maturity models.
- Check for any preferred noteholder equity changes, noting the balance was zero as of December 31, 2017, compared to CHF 687 million in the prior quarter.